Shares of SCANA Co. (NYSE:SCG) have received an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $63.07.
SCG has been the subject of a number of recent research reports. Mizuho upgraded shares of SCANA from an “underperform” rating to a “neutral” rating and set a $58.50 price target for the company in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of SCANA from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Williams Capital downgraded shares of SCANA from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $80.00 to $70.00 in a research report on Monday, September 18th. Morgan Stanley restated an “underweight” rating and set a $45.00 price objective on shares of SCANA in a research report on Wednesday, October 4th. Finally, Bank of America assumed coverage on shares of SCANA in a research report on Tuesday, October 24th. They set a “neutral” rating and a $49.00 price objective for the company.
Hedge funds have recently added to or reduced their stakes in the stock. Willingdon Wealth Management purchased a new stake in SCANA in the 3rd quarter valued at $112,000. WFG Advisors LP raised its position in SCANA by 60.6% in the 2nd quarter. WFG Advisors LP now owns 1,747 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 659 shares during the last quarter. Amica Retiree Medical Trust raised its position in SCANA by 219.1% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,693 shares of the utilities provider’s stock valued at $131,000 after purchasing an additional 1,849 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in SCANA in the 2nd quarter valued at $164,000. Finally, Pacer Advisors Inc. raised its position in SCANA by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,641 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.
SCANA (NYSE:SCG) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). SCANA had a return on equity of 10.05% and a net margin of 10.45%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. analysts predict that SCANA will post 4.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be given a $0.6125 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $2.45 annualized dividend and a yield of 6.28%. SCANA’s dividend payout ratio (DPR) is 77.78%.
SCANA Company Profile
SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina.
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